It looks like it. The unusually warm Winter in the US. The continuing cut of OPEC’s crude production. The change of hands in US congress (oil companies’ friends are no longer in charge). The emerging of alternative energy: solar is reality now, just by looking at the solar Panel manufacturers’ IPOs on the Nasdaq lately. Not surprisingly, some of those are from China.
I am not going to speculating on the oil price for the near term or long term. That’s not my specialty. But on a related issue, I am going to predict consumers are continuing to spend, whether in US or China. They will continue to buy cars, dresses, electronics, music, shoes, and going out for movies, latte and dinners. My problem is trying to figure out which company will get sustainable growth/profit out of this 🙂